Empowered Funds LLC Purchases Shares of 34,640 Everest Group, Ltd. $EG

Empowered Funds LLC acquired a new position in shares of Everest Group, Ltd. (NYSE:EG) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 34,640 shares of the company’s stock, valued at approximately $12,374,000.

Several other large investors also recently modified their holdings of EG. Trifecta Capital Advisors LLC acquired a new position in Everest Group in the 2nd quarter valued at about $29,000. Activest Wealth Management bought a new stake in shares of Everest Group during the fourth quarter worth approximately $34,000. Raiffeisen Bank International AG bought a new stake in shares of Everest Group during the fourth quarter worth approximately $34,000. Cullen Frost Bankers Inc. acquired a new position in shares of Everest Group in the fourth quarter valued at approximately $37,000. Finally, CYBER HORNET ETFs LLC bought a new position in shares of Everest Group during the second quarter worth approximately $39,000. 92.64% of the stock is owned by institutional investors.

Everest Group Stock Performance

EG opened at $378.25 on Friday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.35 and a current ratio of 0.35. Everest Group, Ltd. has a 52-week low of $302.44 and a 52-week high of $401.07. The firm has a market cap of $14.50 billion, a P/E ratio of 8.00, a price-to-earnings-growth ratio of 0.74 and a beta of 0.29. The business’s fifty day moving average is $370.37 and its 200-day moving average is $348.47.

Everest Group (NYSE:EG) last posted its quarterly earnings data on Wednesday, July 29th. The company reported $14.85 earnings per share for the quarter, topping the consensus estimate of $14.52 by $0.33. The business had revenue of $3.96 billion during the quarter, compared to analysts’ expectations of $3.99 billion. Everest Group had a net margin of 11.41% and a return on equity of 13.63%. Everest Group’s revenue was down 11.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $16.10 earnings per share. Sell-side analysts expect that Everest Group, Ltd. will post 53.28 EPS for the current fiscal year.

Everest Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, September 25th. Investors of record on Wednesday, September 9th will be given a dividend of $2.00 per share. The ex-dividend date is Wednesday, September 9th. This represents a $8.00 annualized dividend and a dividend yield of 2.1%. Everest Group’s dividend payout ratio (DPR) is currently 16.92%.

Analyst Ratings Changes

EG has been the subject of several recent research reports. Mizuho reduced their price target on Everest Group from $418.00 to $416.00 and set a “neutral” rating for the company in a research note on Friday, July 31st. TD Cowen lifted their target price on Everest Group from $365.00 to $385.00 and gave the stock a “hold” rating in a report on Wednesday, August 19th. Wells Fargo & Company boosted their target price on shares of Everest Group from $373.00 to $396.00 and gave the company an “equal weight” rating in a research report on Friday, July 31st. Evercore set a $377.00 price objective on shares of Everest Group in a research note on Thursday, July 30th. Finally, Cantor Fitzgerald boosted their price objective on shares of Everest Group from $344.00 to $390.00 and gave the company a “neutral” rating in a report on Thursday, July 9th. Four investment analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $395.27.

Everest Group Profile

Everest Group (NYSE:EG) is a global research and consulting firm specializing in strategic advisory, market intelligence, and data-driven analysis for business process, information technology, and emerging technology services. The company provides insights and benchmarks that help enterprises and service providers optimize digital transformation initiatives, sourcing strategies, and operational performance. Through its proprietary research frameworks and data analytics, Everest Group delivers actionable guidance on areas such as automation, cloud migration, customer experience, and supply chain resilience.

With offerings that span advisory engagements, managed services research, and consulting projects, Everest Group serves multiple industry verticals, including banking and financial services, healthcare, manufacturing, telecommunications, and retail.